Orion Group Holdings, Inc. (NYSE:ORN) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 93.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,823 shares of the construction company’s stock after buying an additional 68,588 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.36% of Orion Group worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in ORN. CenterBook Partners LP acquired a new stake in shares of Orion Group during the fourth quarter worth approximately $4,695,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Orion Group during the fourth quarter worth approximately $2,907,000. Ancora Advisors LLC grew its position in shares of Orion Group by 76.1% during the fourth quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company’s stock worth $4,944,000 after buying an additional 291,550 shares in the last quarter. Royce & Associates LP boosted its holdings in Orion Group by 15.6% in the fourth quarter. Royce & Associates LP now owns 2,023,545 shares of the construction company’s stock worth $14,833,000 after purchasing an additional 273,760 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Orion Group by 112.2% in the fourth quarter. JPMorgan Chase & Co. now owns 285,566 shares of the construction company’s stock worth $2,093,000 after purchasing an additional 150,996 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Activity

In related news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $8.67, for a total transaction of $260,100.00. Following the sale, the director now directly owns 419,215 shares in the company, valued at $3,634,594.05. The trade was a 6.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.90% of the company’s stock.

Orion Group Stock Performance

Shares of ORN opened at $8.41 on Wednesday. Orion Group Holdings, Inc. has a 1 year low of $4.64 and a 1 year high of $12.12. The company has a market cap of $332.65 million, a price-to-earnings ratio of -21.02, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The firm has a fifty day moving average of $6.33 and a 200-day moving average of $7.22.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.12. Orion Group had a negative net margin of 1.63% and a negative return on equity of 0.71%. The company had revenue of $188.65 million during the quarter, compared to the consensus estimate of $177.33 million. As a group, equities analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. B. Riley raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.com raised shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.